14 July 2015
Peregrine Diamonds Ltd. ("Peregrine" or the "Company") (TSX:PGD) is pleased to announce the completion of the transaction previously announced on March 30, 2015 to acquire all of the shares of Diamexstrat Botswana (Proprietary) Ltd. ("DES Botswana"), a privately held Botswana-registered diamond exploration and development company, from Diamond Exploration Strategies Limited, a UK registered private company ("DES UK"). DES Botswana's primary assets are eight prospective diamond Prospecting Licences that cover 5,746 km2 in Botswana. The planned 2015 Botswana diamond exploration program includes drill testing of four priority kimberlite targets.